Réunion franc
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The franc was the currency of Réunion until 2002. Before 1973, Réunion had its own franc, distinct from that of France. After 1973, the French franc circulated. Réunion now uses the euro. The Réunion franc was divided into 100 centimes.
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[edit] History
From 1874, distinct issues of currency were made for Réunion. These were notes of the Banque de la Réunion and the Colonial Treasury which circulated alongside French currency. In 1945, the CFA franc was created which was adopted in Réunion, with distinct coins appearing in 1948. Although Réunion's paper money was stamped with the equivalent value in new francs in 1960, the new franc did not replce the Réunion franc until 1973, when French currency replaced Réunion's at a rate of 1 French (new) franc = 50 Réunion (CFA) francs.
[edit] Coins
In 1948, aluminium 1 and 2 francs coins were introduced, followed, in 1955, by aluminium 5 francs and aluminium-bronze 10 and 20 francs. Nickel 50 and 100 francs were introduced in 1962 and 1964. All denominations were issued until 1973.
[edit] Banknotes
The Banque de la Réunion introduced notes for 5, 10, 25, 100 and 500 francs between 1873 and 1876. Between 1884 and 1886, the Colonial Treasury (Trésor Colonial) issued notes for 50 centimes, 1, 2 and 3 francs.
In 1917, the Banque de la Réunion issued emergency small change notes for 5 and 10 centimes. The Bank introduced 1000 francs notes in 1937 and 5000 francs in 1940. During the Second World War, the Bank issued 50 centimes, 1 and 2 francs notes, first under the auspices of Vichy France, then of the Free French. The Banque de la Réunion ceased note issuing in 1944.
In 1943, the Caisse Centrale de la France Libre (Central Cashier of Free France) issued 5, 100 and 1000 francs notes of the same type as issued in French Equatorial Africa for use in Réunion. In 1944, the Caisse Centrale de la France d'Outre Mer (Central Cashier of Overseas France) issued 100 and 1000 francs notes in the same way. In 1947, the Caisse Centrale de la France d'Outre-Mer issued French Equatorial African notes for 5, 10, 20, 50, 100, 500, 1000 and 5000 francs overprinted with "La Réunion".
In 1962, the Institut d'Émission des Départements d'Outre-Mer took over paper money issue, with notes for 100, 500, 1000 and 500 francs, overprinted with either "La Réunion" or "Département de la Réunion". In 1960, 500 1000 and 5000 francs notes were issued overprinted with the denomination in new francs (10, 20 and 100 noveaux francs).
[edit] References
- Chester L. Krause & Cliffor Mischler (1991). in Colin R. Bruce II: Standard Catalog of World Coins: 1801-1991, 18th ed., Krause Publications. ISBN 0-87341-150-1.
- Albert Pick (1994). in Neil Shafer & Colin R. Bruce II: Standard Catalog of World Paper Money, General Issues, 7th ed., Krause Publications. ISBN 0-87341-207-9.
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| Current | Burundian franc · CFA franc (Central African CFA franc · West African CFA franc) · CFP franc · Comorian franc · Congolese franc · Djiboutian franc · Guinean franc · Liechtenstein frank · Rwandan franc · Swiss franc · UIC franc |
| Defunct | Algerian franc · Belgian franc · Cambodian franc · French Camerounian franc · French franc · Katangan franc · Gold franc · Luxembourgish franc · Malagasy franc · Malian franc · Monegasque franc · Moroccan franc · New Hebrides franc · Réunion franc · Rwanda and Burundi franc · Saar franc · Tunisian franc · Westphalian Frank |
| Hypothetical | US occupation franc |
